- AIMS APAC REIT's DPU of S$4.67 cents for 1HFY25 (+0.4% y-o-y) is in line with consensus and marginally lower than our forecast. Incremental contributions from sale of electricity, lower commission, and insurance compensation more than offset leasing downtime at the two AEI assets. 1HFY25 revenue and NPI was S$93.5m/S$67.6m (+7.7%/+5.1% y-o-y).
- - Read this at SGinvestors.io -
Strong reversions in 2QFY25
- 2QFY25 DPU of S$2.4 cents rose 5.7%/2.6% q-o-q/ y-o-y. Strong reversions of +23.9% in 2QFY25 were led by logistics (+29.1%), industrial assets (+19.0%) and business parks (+2.3%).
- In 2QFY25, AIMS APAC REIT's occupancy rate slipped by 2.3ppt due to ongoing AEI and transitory movements. Including committed leases, occupancy is at 96.7% (-0.6ppt q-o-q).
- - Read this at SGinvestors.io -
- AEI works at 7 Clementi Loop and 15 Tai Seng Drive are in progress and should be completed around Apr-Jun 2025.
Fortifying balance sheet
- Read more at SGinvestors.io.
